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Author Topic: I think we just started a bubble.  (Read 1442 times)
Harry Hood
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November 04, 2015, 05:26:15 AM
 #21

There's already been a few corrections within the growth and people keep buying into the weakness. This is telling, it's a test of the support.

This all depends on what time frame you use to look at the price history, but one could say that we're finally recovering from the damage caused by the Mt. Gox collapse. The price was hovering much higher than $400 only 18 months ago...maybe we're just pulling out of the recession?

We've only just peaked beyond what the price was 1 year ago...on November 12, 2014 the price hit $427.

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zodiac3011
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November 04, 2015, 05:35:30 AM
 #22

yep I think so too. We are getting too hyped about this bitcoin's price. I expected to see the price steady at 300-320 but it is shocking to find that it jumped to 440 right now. Be careful as this is the real bubble and someone gonna take advantage of this to make some. The price of bitcoin now is in our's hand don't let it out of control
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November 04, 2015, 05:55:47 AM
 #23

Quote
Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate.
Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!
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November 04, 2015, 05:58:41 AM
 #24

yep I think so too. We are getting too hyped about this bitcoin's price. I expected to see the price steady at 300-320 but it is shocking to find that it jumped to 440 right now. Be careful as this is the real bubble and someone gonna take advantage of this to make some. The price of bitcoin now is in our's hand don't let it out of control

Yes...the price of bitcoin is in our hands. Keep buying the price keeps going up, I...i mean we...need to make some money. Don't sell. I'll tell you when to sell...I'll sell first and then  I'll tell you that I've made my mint, and you should try to do the same.

We all need to relax and just watch for a while. It might pull back, it might not, but nothing about the price takes anything away from the real value of bitcoin.

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November 04, 2015, 07:06:41 AM
 #25

Quote
Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate.
Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!

Trouble is that I see this a lot, suggestions on these forums to start taking out lines of credit and loans simply to "invest" in bitcoin in the hopes that you can make a quick buck off of what is ultimately a bubble. Trying to time the market like that is such an easy way to lose thousands of dollars.
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November 04, 2015, 07:42:11 AM
 #26

Quote
Do not start taking out loans against Bitcoin
Anyone who is doing this is either plain stupid, optimistic to the point of being an idiot or desperate.
Don't ever lend in bitcoin directly, as you can see volatility of btc is so great that you could be forced to repay 50% more than sum your initial loan was!

Trouble is that I see this a lot, suggestions on these forums to start taking out lines of credit and loans simply to "invest" in bitcoin in the hopes that you can make a quick buck off of what is ultimately a bubble. Trying to time the market like that is such an easy way to lose thousands of dollars.
As was previously said, those people are idiots.  I don't hope that the price stays low to keep idiots from making idiotic decisions though.

Every bubble has resulted in a higher base the next time around.  People hate it when the price is low and stagnant, but when it rises quickly they complain too!  There have been plenty of flash crashes, a bubble is just the opposite, but with more greed involved.  I have been holding for some time and am happy that I am in paper (electronic) profit now.  If we have a bubble I will probably sell at a high price ($1500+), possibly exchanging for gold.  We will see what happens, but I find it fascinating, it's great to wake up and want to check the price for once!


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Anmol_Verma
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November 04, 2015, 08:08:57 AM
 #27

I agree with OP,the price of bitcoin can fall but not that much.
I guess it will fall 350$ again and then it will rise again to $600 or more.

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knprest
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November 04, 2015, 09:14:43 AM
 #28

i think the high rising price is dangerous,but i hope it proves wrong.
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